Company Registration No. 11981961 (England and Wales)
2IU CONSTRUCTIONS LTD
Unaudited accounts
for the year ended 31 May 2023
2IU CONSTRUCTIONS LTD
Unaudited accounts
Contents
2IU CONSTRUCTIONS LTD
Company Information
for the year ended 31 May 2023
Director
Iustin-Andrei PINTILII
Company Number
11981961 (England and Wales)
Registered Office
110 LANGLAND CRESCENT
STANMORE
HA7 1NH
ENGLAND
Accountants
EMILIA ACCOUNTANCY LTD
58
STROUD CREDCENT
LONDON
UK
SW15 3EJ
2IU CONSTRUCTIONS LTD
Statement of financial position
as at 31 May 2023
Tangible assets
36,782
34,193
Cash at bank and in hand
14,419
24,020
Creditors: amounts falling due within one year
4,117
(21,483)
Net current assets
18,536
6,553
Total assets less current liabilities
55,318
40,746
Creditors: amounts falling due after more than one year
(31,453)
(19,602)
Profit and loss account
23,865
21,144
Shareholders' funds
23,865
21,144
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 February 2024 and were signed on its behalf by
Iustin-Andrei PINTILII
Director
Company Registration No. 11981961
2IU CONSTRUCTIONS LTD
Notes to the Accounts
for the year ended 31 May 2023
2IU CONSTRUCTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 11981961. The registered office is 110 LANGLAND CRESCENT, STANMORE, HA7 1NH, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 June 2022
35,597
19,989
55,586
Disposals
-
(19,989)
(19,989)
At 31 May 2023
35,597
25,892
61,489
At 1 June 2022
13,273
8,120
21,393
Charge for the year
7,119
4,315
11,434
On disposals
-
(8,120)
(8,120)
At 31 May 2023
20,392
4,315
24,707
At 31 May 2023
15,205
21,577
36,782
At 31 May 2022
22,324
11,869
34,193
2IU CONSTRUCTIONS LTD
Notes to the Accounts
for the year ended 31 May 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
59
3,751
Loans from directors
(6,450)
13,452
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
17,992
6,539
Taxes and social security
649
-
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).